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> His plea felt like a microcosm of the pain experienced by restaurant owners across the US as food prices remain stubbornly high despite cooling inflation. Th
by roenxi 3y ago
> His plea felt like a microcosm of the pain experienced by restaurant owners across the US as food prices remain stubbornly high despite cooling inflation.
This is like being surprised total data at AWS isn't dropping even though they've halved their customer intake. "Cooling inflation" -> The prices are increasing more slowly. They aren't going to go down, the policymakers are explicit that they think prices dropping would be a problem to be solved.
This is a simple result of policy. All the factors in the article are transient - wars end, droughts break, competition forces companies to reduce their profit margins. But the price of goods is not expected to come down, because if it does then money will be printed until it goes back up.